For homeowners that have unfinished basements, there has a significant resource they can tap into to increase the value of their home. There are many reasons why a homeowner may consider finishing their basement, and many of them involve increasing its value. If you are on the fence about finishing your basement, this information may tip the scales for you.
Contacting a basement finishing company for a basement remodel is a great way to add additional space to your home. In many basements, you have enough room to add one bedroom and one bathroom. However, some basements are large enough that you can add two bedrooms. This adds to the living space in your room. Not only is it great to have extra bedrooms in your house, but it is appealing to potential buyers. You may not be able to increase the square footage, but you can certainly say that you have more living space.
Return on Investment
No matter how you look at it, a finished basement offers you a fantastic return on your investment. In the US, you can expect to see about a 77.6% return on your investment when you contact a basement finishing company to finish your basement. The way that looks in dollars is if you spend $20,000 on your basement, you can expect to see the value of your home increase by about $15,400.
Space within Zoning Restrictions
There are often zoning restrictions associated with the size of your property. The size of the lot on which your house sits is subject to the zoning in your area. As a result, you may not be able to attach additions to your home. It may bring your house too close to your neighbors or within the restrictions set forth by the county. Depending on the current height of your house, you may not be able to add levels, especially if your house is already two stories. As a result, contacting a basement finishing company is critical in adding space to your home without impacting zoning restrictions.
When you consider finishing your basement, you are adding a tremendous amount of value to your home. You do not even have to create a luxurious basement. It can be a simple plan and see a significant return on that investment.